Entrepreneurship has become a popular career path in developed and developing countries, a phenomenon that has contributed to the intense interest in the subject shown by researchers and policymakers around the world. There are several important reasons for studying and understanding entrepreneurship. First of all, entrepreneurship is central to the generation of economic growth since it drives the innovation and technical change required for growth to occur. Second, entrepreneurial action has been cited as the means for balancing supply and demand in the marketplace. Third, entrepreneurship has been praised as the process that facilitates the conversion of new knowledge and ideas into innovative products and services. Finally, entrepreneurship is now widely viewed as a distinct vocational path that has been taken by hundreds of millions of people around the world and, as such, it is important and useful to gain a better understanding of the role that entrepreneurship plays in the development of human and intellectual capital.
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